Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q1 FY2025 Earnings Presentation
30 slides from Toyota Boshoku's earnings presentation, Jul 31, 2024
Slide 1: FY2025 1st Quarter Financial Results
TSE Prime Market Securities Code 3116 FY2025（ending March 2025） 1st Quarter Financial Results Date: July 31, 2024
Slide 2: Contents
Contents 1. 1st Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 3: 1. 1st Quarter FY2025 Financial Results
Contents 1. 1st Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 4: Overview of Consolidated Financial Results
1-1) 1st Quarter FY2025 Financial Results Overview of Consolidated Financial Results （100 million yen） 1Q FY2024 1Q FY2025 YOY Change Revenue 4,754 100.0% 4,880 100.0% 125 2.6% Operating Profit 221 4.7% 166 3.4% △54 △24.7% Profit before income taxes 253 5.3% 194 4.0% △59 △23.5% Profit* 125 2.6% 86 1
Slide 5: Seat Production by Region
1-2) 1st Quarter FY2025 Financial Results Seat Production by Region Total By Region （10,000 Units） （10,000 Units） YOY Change △18 1Q 1Q Pct Change △8.2% FY24 FY25 217 200 △7 △8.7% +2 △10 +2 83 75 +4.2% △24.4% +6.3% △5 △18.9% 35 37 40 35 38 30 24 19 1Q FY24 1Q FY25 Japan The China Asia Europe& America
Slide 6: Consolidated Revenue & Operating Profit
1-3) 1st Quarter FY2025 Financial Results Consolidated Revenue & Operating Profit Profit decreased due to strategic human capital investments for the future, increased overhead costs in addition to volume decrease, despite the impact of new products, cost reduction efforts, and foreign exchange Volu
Slide 7: Japan Revenue & Operating Profit
1-3) 1st Quarter FY2025 Financial Results Japan Revenue & Operating Profit Profit decreased as volume decreased due to quality confirmation at customers’ sites in addition to strategic human capital investments for the future and an increased overhead costs despite new product effects and changes in
Slide 8: The Americas Revenue & Operating Profit
1-3) 1st Quarter FY2025 Financial Results The Americas Revenue & Operating Profit Profit increased due to volume increase, cost reduction, and a decrease in overhead costs, despite the increase in market prices Volume & Model Mix Operating Profit Variance Analysis (10,000 units) （100 million yen） +2
Slide 9: China Revenue & Operating Profit
1-3) 1st Quarter FY2025 Financial Results China Revenue & Operating Profit Profit decreased due to volume decrease caused by the rapid shift of the market towards BEVs※ and changes in the vehicle mix despite cost reduction ※ BEV：Battery Electric Vehicle Volume & Model Mix Operating Profit Variance A
Slide 10: Asia Revenue & Operating Profit
1-3) 1st Quarter FY2025 Financial Results Asia Revenue & Operating Profit Profit increased due to volume increase from sales promotion in India and Indonesia, changes in the vehicle mix and cost reduction despite an increase in overhead costs Volume & Model Mix Operating Profit Variance Analysis (10
Slide 11: Europe & Africa Revenue & Operating Profit
1-3) 1st Quarter FY2025 Financial Results Europe & Africa Revenue & Operating Profit Profit decreased due to impacts of volume decrease and market prices, as well as changes in the vehicle mix despite cost reductions and FX impacts Volume & Model Mix Operating Profit Variance Analysis (10,000 units)
Slide 12: 2. FY2025 Financial Forecasts
Contents 1. 1st Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 13: Overview of Consolidated Financial Results (Forecast)
2-1) FY2025 Financial Forecasts Overview of Consolidated Financial Results (100 million yen) FY2024 FY2025 FY25 Forecasts YOY Change Actual Forecast (Initially Announced) Revenue 19,536 100.0% 19,000 100.0% △536 △2.7% 19,800 100.0% Operating Profit 786 4.0% 680 3.6% △106 △13.5% 750 3.8% Profit befor
Slide 14: Seat Production by Region (Forecast)
2-2) FY2025 Financial Forecasts Seat Production by Region Total By Region △42 （10,000 Units） △4.9% （10,000 Units） YOY Change FY24 FY25 Pct Change 857 815 Actual Forecast +2 +0.5% +6 △32 +4.0% 328 330 △7 △21.6% △5.0% △11 △13.3% 142 135 147 154 160 115 86 75 FY24 FY25 Japan The China Asia Europe& Actu
Slide 15: Consolidated Revenue & Operating Profit Forecast
2-2) FY2025 Financial Forecasts Consolidated Revenue & Operating Profit Lower profits due to volume decrease in addition to strategic human capital investment for the future and an increase in overhead costs despite of impacts of new product effects and profit improvement activities Volume & Model M
Slide 16: Comparison with the Previous Forecast
2-3) FY2025 Financial Forecasts Comparison with the Previous Forecast （100 million yen） Originally 1Q Difference announced announced Total Internal Environmental efforts changes FY24 Actual (exc. Constitutional strengthening costs) 864 864 - - - Volume △5 △171 △116 △166 Mix △5 △7 △2 +54 △56 Cost Red
Slide 17: Revenue & Operating Profit by Region: Japan, The Americas
2-4) FY2025 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Higher profit due to new product effects, Lower profit due to volume decrease and changes in the vehicle mix and constitutional increased overhead costs from launch of a strengthening costs in the previous year n
Slide 18: Revenue & Operating Profit by Region: China, Asia
2-4) FY2025 Financial Forecasts Revenue & Operating Profit by Region China Asia Lower profit due to volume decrease caused Profit to be the same level due to volume increase by the rapid shift of the market towards BEVs from sales promotion in India & Indonesia and and changes in the vehicle mix des
Slide 19: Revenue & Operating Profit by Region: Europe & Africa
2-4) FY2025 Financial Forecasts Revenue & Operating Profit by Region Europe & Africa Lower profit due to volume decrease as well as impacts of rising labor costs and an increase in overhead costs despite cost reduction Volume & Model Mix (10,000 units) 86 △ 11 <△13.3%> 75 Compact 74 (85.5%) SUV・MPV
Slide 20: 1st/2nd Half by Region
2-5) FY2025 Financial Forecasts 1st/2nd Half by Region Revenue （100 million yen） 1st Half 2nd Half Full Year Japan 4,700 4,900 9,600 The Americas 2,200 2,400 4,600 China 1,000 1,000 2,000 Asia 1,400 1,400 2,800 Europe & Africa 500 600 1,100 Total 9,300 9,700 19,000 Operating Profit （100 million yen）
Slide 21: Returning to Shareholders
2-6) FY2025 Financial Forecasts Returning to Shareholders ■To keep long-term sustainable dividends, annual plan is 86 yen, with an interim dividend of 43 yen and a year-end dividend of 43 yen ■To be determined based on comprehensive evaluation of future forecasts and dividend payout ratio Trends in
Slide 22: Concluding
2-7) Concluding 1st Quarter FY2025 Financial Results 【1Q Results】 ・Operating profit progressed at a pace exceeding the initial announcement thanks to solid profit contributions from competitiveness enhancement activities such as new product effects, sales efforts, and alliances despite impacts of cu
Slide 23: 3. Appendix
Contents 1. 1st Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 24: Quarterly Trends: Consolidated
Appendix1) Quarterly Trends: Consolidated volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue Seat Assembly Production (100 million yen) (10,000 units) 8,000 217 218 228 201 199 207 200 189 195 194 220 195 177 4,885 5,071 4,824 4,880 153 4,754 4,114 4,073 4,3
Slide 25: Quarterly Trends: Japan
Appendi2) Quarterly Trends: Japan volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 4,000 86 100 83 85 80 75 74 75 68 67 69 68 62 59 2,440 2,290 2,333 2,242 2,265 2,162 1,885 1,764 1,815 1,749 1,808 2,000 1,542 50 1,505 0 0
Slide 26: Quarterly Trends: The Americas
Appendix3) Quarterly Trends: The Americas volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 2,000 35 33 35 35 36 36 37 40 30 32 32 29 30 27 1,535 1,381 1,070 1,149 1,194 1,039 1,123 1,000 854 863 896 881 15 786 672 0 0(10) 1
Slide 27: Quarterly Trends: China
Appendix4) Quarterly Trends: China volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 2,000 80 43 44 43 39 39 40 40 38 36 34 1,000 30 30 40 646 699 27 595 673 628 628 599 445 428 600 548 530 434 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
Slide 28: Quarterly Trends: Asia
Appendix5) Quarterly Trends: Asia volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 2,000 60 39 40 40 40 38 38 34 35 35 40 32 29 1,000 23 21 729 697 722 663 693 634 638 624 528 556 525 20 417 401 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Slide 29: Quarterly Trends: Europe & Africa
Appendix6) Quarterly Trends: Europe & Africa volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 1,000 40 23 23 24 23 22 21 20 20 20 19 19 18 500 20 13 322 335 358 306 296 309 309 309 232 258 247 216 166 0 0 1Q 2Q 3Q 4Q 1Q 2Q
Slide 30: Disclaimer
<Disclaimer> This report contains forecasts and expectations that relate to future plans and strategies in addition to the expected financial results of the Toyota Boshoku Corporation and the Toyota Boshoku group. Within are estimates based on assumptions and opinions that have been formed by the co